12/19/2018 3:45:43 PM

PM calls for Japanese firms’ help in supporting, high-tech industries

Prime Minister Nguyen Xuan Phuc called on Japanese businesses to help their Vietnamese peers develop the supporting and high-technology industries, during a talk with relevant major Japanese enterprises operating in these fields in Tokyo on October 10.

The talk took place as part of his trip to attend the 10th Mekong-Japan Summit Meeting and visit Japan.

The PM said that the Vietnamese Government pays close attention to raising the capacity of accessing and grasping development opportunities from the Fourth Industry Revolution, as well as increasing the application of artificial intelligence and high technology in all sectors in order to improve production capacity and competitiveness in production chains.

Within this process, Vietnam attaches importance to training high-quality human resources and developing IT infrastructure, he said, hoping that Japanese businesses will act as guides for developing these fields in Vietnam.

He called on Japanese firms to set up supplementary production and supply clusters in Vietnam, towards increasing the localisation rate.

According to the PM, the Vietnamese Government will continue its powerful momentum of reform, cutting down administrative procedures and creating the best conditions for businesses.

He affirmed Vietnam’s motto of accompanying enterprises during the development process, saying the nation will make every effort to address arising issues so that Japanese companies can continue doing successful business in Vietnam and contribute to the development and prosperity of the country.

For their part, Japanese enterprises said the business climate in Vietnam has significantly improved and wished that the Vietnamese Government will provide more favourable conditions for them to expand investment and do long-term business in the country.

Some of them revealed that they pay special heed to training high-quality human resources in Vietnam to supply companies in Japan. They also wish to expand investment in the fields of distribution, infrastructure connectivity, construction of global data and operation centres, the development of high-tech agriculture, and sectors applying artificial intelligence.

The enterprises pledged to contribute to the development of the Vietnamese economy, as well as preserving and promoting the sound relationship between the two nations.

At a reception for President and CEO Kanetsugu Mike of MUFG, Japan’s largest bank, PM Phuc spoke highly of MUFG’s business operations in Vietnam and hoped that the bank will continue to be an important bridge for boosting Japanese investment in the Southeast Asian country and join Vietnam in the implementation of its banking development strategy.

The MUFG leader thanked the Vietnamese Government for facilitating the bank’s operation in the country and vowed to promote investment from Japanese enterprises in Vietnam, thus contributing to bilateral ties and the development of the Southeast Asian country.

Meeting with Mitsubishi President and CEO Takehiro Kakeuchi, the PM suggested that Mitsubishi consider investing in large-scale projects, such as those to develop smart cities in Vietnamese localities, build Lien Chieu port in the central city of Da Nang, and install coffee and tea processing lines.

The Mitsubishi President committed to investing in Vietnam at the highest level, promoting new ideas and studying the expansion of investment in those areas proposed by the PM.

Later the same day, PM Nguyen Xuan Phuc and his entourage left the Haneda International Airport for home, successfully concluding his trip to attend the 10th Mekong-Japan Summit Meeting and visit Japan./.